Vireo Growth’s latest deals see cannabis MSO expand to real estate, agribusiness
Cannabis multistate operator Vireo Growth’s latest pickups in its ongoing buying spree are seeing the company look beyond plant-touching marijuana companies and into real estate and agriculture technology. On Tuesday, the Minneapolis-based MSO announced the $88.5...
New York promises cannabis operators help to pay for track-and-trace
Compliance with new seed-to-sale track-and-trace requirements can be costly, but cannabis operators in New York may be able to seek at least partial assistance covering the bill. As part of a pending state budget deal negotiated by state Assemblymember Landon Dais, a...
Cannabis MSO Curaleaf prepares for uplisting on US stock exchanges
Cannabis multistate operator Curaleaf Holdings is preparing to uplist to a major U.S. stock exchange if “ongoing regulatory developments” allow it, the company said in a statement Tuesday. In preparation, the company announced it will execute a 1-for-3...
Major consolidation in Virginia cannabis as Boston-based fund takes over second permit
Legal adult-use cannabis retail sales in Virginia are on indefinite hold as lawmakers and Gov. Abigail Spanberger quibble over the best way to launch a potential billion-dollar market. In the meantime, in a sign of consolidation that’s alarming small-business...
Massachusetts cannabis regulators to begin THC potency inflation checks
As promised late last year, Massachusetts cannabis regulators plan to begin examining whether THC potency reported on product labels is accurate. The state’s Cannabis Control Commission announced Friday it will audit products and take action if test results aren’t...
Cannabis MSO lands in receivership over $210 million debt to lender
This story has been updated to add further comment from TerrAscend. Less than a year after announcing its plans for a “strategic exit” from Michigan’s low-margin market, cannabis multistate operator TerrAscend is in receivership in the state over an outstanding $210...
Hemp THC regulation is inevitable, not a ban. Here’s how operators can prepare.
(This is a contributed guest column. To be considered as an MJBizDaily guest columnist, please submit your request here.) Hemp-derived cannabinoids grew into a $28 billion market while operating in a gray area. This created opportunities, but also confusion and...
Virginia governor explains shock rejection of cannabis retail market
Rather than launch a $1 billion cannabis market that might have problems, Virginia Gov. Abigail Spanberger would prefer no legal retail sales at all. Concerns over a “rushed” launch that could repeat “the mistakes of other states” – plus a belief that Virginia was...
New Massachusetts cannabis czar takes over $1.65 billion industry
Massachusetts Gov. Maura Healey on Tuesday named former state Revenue Commissioner Christopher Harding chair of a reshaped, three-member Cannabis Control Commission. Harding replaces Shannon O’Brien, who was briefly reinstated as Massachusetts’ top cannabis...
Organigram CEO sees Germany as launchpad for European expansion
Key points: Germany is Canadian licensed producer (LP) Organigram’s launchpad for broader European expansion. The German market is attractive because medical cannabis demand is rising fast. Telemedicine and pharmacy access are lowering barriers for German...
‘Reckless’ 280E gamble backfires as feds demand millions from cannabis MSO
This story has been updated to add comment from TerrAscend USA. Key points: The U.S. Justice Department is seeking $8.3 million plus interest from cannabis multistate operator TerrAscend USA for an “erroneous” refund it received after filing an amended tax...Featured
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